Q1 What is the title of the finance student competition you may consider competing? Hint: You may Google search something like “student competitions in finance”.
The title of the potential competition that I would consider competing for in the future is called “Beat The Market”.
Q2 Describe the eligibility requirements, if any (e.g., undergraduate college student).
The eligibilty requirments for this competition include : “All Graduate, Undergraduate, and Postgraduate students from all colleges”.
Q3 What are the competition criteria?
The criteria for this competition includes a series of round completed in a team format. The team sizes are two members. Rounds one and two are quizes that test the teams knoweldege, analysis ability and fundamental skills to know whne to buy and sell stocks.
Q4 What is the deadline for the submission?
This competition was already completed. However, in the future I would be intereted to find out when it will be happening again after Covid-19.
Q5 Why are you interested in this competition?
Im interested in this competition because it is labled as a top 5 financial competiton for students. With that being said, I would like to see where my financial skills rank agaisnt some of the best students in the nation. I am a competitve person and like to think that competition brings out the best in me.
Q6 What would be a possible project you may turn in for the competition? Describe it in at least 100 words.
A potential project that I would turn in for this competition would be something along the lines of quiz 3 that we completed for class. I chose this quiz because it demonstrates how to create, analyse and display information about stocks in a highly professional format. It doesnt specifically say what the requirments need to be so thats why this is being described in a vague area. I think the knowlege of interpeting data into real life situations could give myself and edge of some of the other competitors who maybe dont have as much practice with this. As there are several other projects/assignments we have completed in the course Quiz 3 stands out to me. In quiz 3 we created a scatter graph, merged the data and then created an analysis and interpeted what the data was representing.
Q7 List things that you learned in financial modeling course that could be helpful for your project in Q6. Describe it in at least 100 words.
I have learned several things in financial modeling as well as in business stats. Coming into these classes I had no idea what Rstudio was going to be like and at first was very nevrous due to my lack of skills regarding towards technology. However, I was able to learn how to code, create graphs, charts, format data, analyze the data and then interpet the data. I am very fortunate to have had this oppertunity to take this class becuase now coding and fincancial modeling is something I can add to my set of skills and continue to work on over time. All of the things I just mentioned would be able to help my project that I answered in question 6. Many people have the abilities to create the data and display it however, not many can present it to the audience.
Q8 List things that you learned in other finance courses at PSU that could be helpful for your project in Q6. Describe it in at least 100 words.
In other finance courses that I have taken or am currently taking at PSU I have learned financial skills and learned about the stock market. This would help in my project relating back to question 6 because the competion has a focul point on stocks and shares. I am not a finance major but having a better understanding about interest rates, net present value, inflation, stocks and accounting will help me not only in this competiton but also in my long term work career. Financial skills are crucial skills that people need to know in life and I think everyone should be required to take basic financial skills no matter what their major is.
Q9 Check the finance blog below and see if you see any post that may be helpful for your project in Q6. Discuss how it can be helpful in at least 100 words. Hint: The author of the blog writes articles on financial analysis using R. https://rviews.rstudio.com/categories/reproducible-finance-with-r/
A lot of those posts on the blog would be helpful in developing a project for question 6. However one that stood out to me was Momentum Investing. Considering this competition is financial and test knowlegde about stocks and etc. It is important to know on how and when to invest and what to invest in. Momuentum Investing is a investing strategy that could help give your team a competitive advantage is used, displayed, and presented throughout your project for the competition.
Q10 List things that you think could be helpful but not taught/offered at PSU finance courses. Discuss how it can be helpful in at least 100 words.
Somethings that could be helpful but arent taught at PSU could be classes on focusing on just the stock market. I think this class would be interesting because it is very specific but there is a lot of jobs that are connected towards it. Either being a stock broker or a financial advisor the market plays a big role in your job. I think a class like this would gather a large audience of the business program and it would be a different type of class setting. Instead of lectures and notes it could be something more hands on. An idea could be like instead of putting $50 to buy a book everyone gets to invest $50 into stocks of their choices and throughout the class they get to deal and learn about investing, day trading, selling and more.